The company said, in a statement on the ASX, that the acquisition is subject to US regulatory approvals, which are expected to be obtained within three months.

As per the agreement, CMC’s 200 originator clients, with a combined annual loan origination of more than $100 billion, will fall under the Computershare banner once the acquisition goes through. The total acquisition is worth $US71.2 million.

The price comprises $US44 million for the CMC business, in addition to $US27.2 million for its current mortgage servicing rights and portfolio of about $5.4 billion in unpaid principal balances. The mortgage servicing rights purchase price of $US27.2 million is net of the sale of an associated excess servicing strip.

In addition, the company said the initial consideration is $US57.2 million, payable on closing, along with a maximum of $US14 million in deferred consideration to be paid over three years.

Computershare CEO, Stuart Irving, mentioned the company is excited by the acquisition of Capital Markets Cooperative, and that it is a good strategic fit to the company’s existing US mortgage servicing footprint.

“We expect that that the combination of CMC with our current operation will help us become a significantly larger, more profitable, higher returning mortgage services business,” he said.

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​Inside the new HP Customer Welcome Centre in Sydney…

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Zscaler recently hosted its partner update and Christmas drinks event in Australia where more than 20 partners attended the event at the QT hotel in the Sydney. The event provided a forum for the company to update its Australian partners on the company's strategy for cloud security in the year ahead. It was also a great opportunity for the company to introduce Sean Kopelke as country manager for A/NZ. The event ended with Christmas drinks and a celebration of momentum gained in 2016.

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Nutanix recently held two ‘X Tours’, which brought the company’s flagship event .NEXT to Brisbane and Melbourne. Customers and partners got a firsthand look at the new era of IT and exposure to the potential of the Nutanix Enterprise Cloud platform. Both events featured key speakers both from Nutanix and its partners.

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